Indentured servitude
2005-08-17
There are three basic reasons for condoning immigration: To
promote diversification of the population, to provide asylum, or
to benefit from cheap labor. The main reason Czech officials
give for opening the borders wider isn't multiculturalism or
humanitarianism. Foreigners are needed instead to keep the
social-security system afloat. The premise is that the foreigners
will contribute to the pension system without benefiting from it.
This is similar to the indentured servitude of colonial times. Yet
the servants must eventually be given full rights (including
pension benefits) or sent home and replaced by others. It's a
sort of pyramid scheme that eventually has to collapse. The only
real solution to the pension problem - short of default or
outright slavery - is to reduce the taxes, bureaucracy and waste
that are deforming the labor market and keeping 10% of the free
population out of work.
[Czech Republic Ponzi]
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